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EU
European Commission – Demand Reduction and Taxes to Tackle Energy Costs
The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.
EU
Emergency Measures on Electricity Market: Avoid a Patchwork That Undermines Renewables Investments
The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh.
Natural Gas
Why Western Canada Has Some of the Cheapest Natural Gas in the World
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the large…
Oil Price
Oil Rises on Weakening Dollar, Potential Supply Disruptions
Oil prices edged upwards in early Asian trade on Thursday, as supply concerns and a looming rail stoppage in the United States, the world's biggest crude consum…
Natural Gas
EU to Propose Crisis Measures to Curb Energy Price Spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …
Poland
Poland to Freeze Electricity Prices for Households in 2023
Poland plans to freeze in 2023 electricity prices at current levels for households consuming less energy, the ruling Law and Justice (PiS) leader said on Tuesda…
EU
EU Approves €1.5BN Romanian Scheme to Compensate Energy-Intensive Firms
It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred b…
Nuclear Power Plant
European Power Prices Drop as Nuclear, Wind, and Solar Surge
Higher nuclear power generation in France and more solar and wind supply out of Germany eased Europe's prompt power prices early on Monday.
Natural Gas
Czech Government Approves Electricity, Gas Price Cap
The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala…
Oil Price
Oil Prices Climb on Tight Supply Worries
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between…
EU
European Utilities Rally as EU Unveils Rescue Plan
Just hours after the European Commission proposed caps on power prices across the bloc, European utilities have rallied, with stocks gaining on indications that…
Oil Price
What Will Be Inside UK’s Energy Bill Package for Households and Businesses?
Britain’s new Deputy Prime Minister has confirmed that details of the government’s support will be revealed later this week
LNG
South Korea-Oman Energy Supply Chain Critical Amidst Rise in LNG Prices
South Korea’s Trade, Industry, and Energy Minister Lee Chang-Yang, and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi discussed bilateral energy…
Oil Price
Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…
Natural Gas
EU Mulls Energy Price Cap for Certain Generators - Document
The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.
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